Mindteck (India) Limited (BSE: 517344), a global technology company, today reported its unaudited financial results for the half year ended September 30, 2014.
The Company’s consolidated revenue for the half year ended September 30, 2014 stood at Rs. 164.28 crore as against Rs. 162.18 for the same period last year. Net Profit stood at Rs. 10.64 crore as against the Net Profit of Rs. 9.32 crore for the corresponding period September 30, 2013, registering a growth of 14.17%.
Mindteck’s consolidated revenue for the quarter ended September 30, 2014 stood at Rs. 81.87 crore as against Rs. 85.88 crore for the corresponding quarter of the previous year. Net Profit for the quarter stood at Rs. 5.67 crore against Rs. 6.07 crore for the corresponding quarter of the previous year.
Commenting on the financial performance, Mr. Yusuf Lanewala, Chairman & Managing Director said, “Our six-month results, together with a deepened pipeline across our business lines, is encouraging. The Company continues on a positive path.”
About Mindteck (India) Limited
www.mindteck.com
Mindteck, a global technology company established in 1991, provides Product Engineering solutions and Information Technology services to top-tier Fortune 1000 companies, as well as start-ups and government entities. Its depth of knowledge and niche expertise in embedded systems and enterprise applications is complemented by dedicated Centers of Excellence in wireless design and storage testing. The company has offices in the US, UK, Singapore, Malaysia, Netherlands, Germany, Bahrain and India. It also has four development centers: one each in the US and Singapore, and two in India (Kolkata and Bangalore). Mindteck is listed on the Bombay Stock Exchange (BSE 517344) and is among a select group of global companies appraised at Maturity Level 5, Version 1.3 of the CMMI Institute’s Capability Maturity Model Integration (CMMI). For more information, please contact karen.stark@mindteck.com.
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